Ab Life Hai Super Easy!

Transcription

1 IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER MetLife Easy Super Unit-Linked Life Insurance Plan (Non-Par) Investment Plans Ab Life Hai Super Easy! Call us Toll Free: Visit us: Write to us: PNB MetLife India Insurance Company Limited, Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore , Karnataka. IRDAI Registration number 117. CI No: U66010KA2001PLC MetLife Easy Super (117L069V02) is a unit-linked, life inurance plan. Benefit option, chosen at inception, cannot be altered during the term. Please read this Sales brochure carefully before concluding any sale. This product brochure is only indicative of terms, conditions, warranties and exceptions contained in the insurance policy. The detailed Terms and Conditions are contained in the Policy Document. The premium shall be adjusted on the due date even if it has been received in advance" & "If premium due in one financial year is being collected in advance in earlier financial year, insurers may collect the same for a maximum period of three months in advance of the due date of the premium. The Premium will be adjusted on premium due date even if it has been received in advance. Linked Insurance Products are different from the traditional insurance products and are subject to the risk factors. Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time to time. Please consult your tax consultant for more details. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAV s of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Consistent returns on your fund can be achieved by investing in 6 Unit Linked funds basis your risk appetite. Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time. The marks PNB and MetLife are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks. Call us Toll-free at Phone: , Website: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai , Maharashtra. Phone: , Fax: The policyholder can know the value of policy wise units as per the FORM D02 through a secured login on the PNB MetLife website ( PNB MetLife India Insurance Company Limited is only the name of the Insurance Company and MetLife Easy Super is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. LD/ /213 EC194. BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS, IRDA of India clarifies to public that; IRDA of India or its officials do not involve in activitites like sale of any kind of insurance or financial products nor invest premiums. IRDA of India does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call number. Linked Insurance Products do not offer liquidity during the first 5 years of the contract. the Policyholder will not able to withdraw/surrenderthe monies invested in Linked Insurance Products completely or, partially till the end of the 5th year

2 MetLife Easy Super Unit-Linked Life Insurance Plan (Non-Par) While you plan to secure the happiness and future of your loved ones, give wings to your dreams of wealth creation. Security for your family and your need of wealth creation should work together as you move ahead in life. We understand that at MetLife, and hence we bring you MetLife Easy Super an Easy Protection, Super Wealth Creation plan. While you ensure security for your loved ones, we work towards your goals of wealth creation - because you and your family deserve the very best. SALIENT BENEFITS OF YOUR MetLife Easy Super Offers you protection and investment in the same plan Affordable investment with annual premium starting from `12,000 p.a. You have the freedom to choose one of the portfolio strategies to invest your Funds either in Self Managed option, where you have a wide choice of 6 Unit Linked Funds to choose from Or Choose Auto Rebalancing Option where your investment will have the best of experience which works dynamically as per the changing market environment. Make partial withdrawals*in case of any financial emergencies And, enjoy the tax benefits under section 80C and section 10(10D) of the Income Tax Act, 1961 * Terms and Conditions apply METLIFE EASY SUPER PLAN AT A GLANCE Minimum Age at entry Maximum Age at entry Premium Payment Term (years) Minimum Annualised Premium Maximum Annualised Premium Policy Term Sum Assured Premium Payment modes 18 years 60 years for 15 policy term & 55 years for 20 year policy term Entire term of the policy `12,000 p.a. `120,000 p.a. 15 years and 20 years 10 times the chosen Annualised Premium Annual YOUR BENEFITS Maturity benefit On maturity of the policy, you will receive the Fund Value as on the maturity date. On the Maturity Date, the Policyholder is entitled to choose the Settlement Options for claiming the Maturity benefit. Settlement Option On the Maturity Date, the Person Insured is entitled to choose any one of the following Settlement Options for claiming the Maturity benefit: a) Total withdrawal of the Total Fund Value as on the Maturity Date resulting in termination of the contract b) Withdrawals of the Total Fund Value at regular intervals chosen by the Policyholder during an extended Maturity Benefit Period of not more than five years commencing from the Maturity Date. The Fund Value payable at such intervals will be calculated at the Net Asset Value as on the relevant date of withdrawal subject to applicable rules. Additional partial withdrawal requests would not be allowed during the Settlement period. c) A combination of part lump sum withdrawal on maturity date and regular withdrawal as mentioned in option (b). Where the Policyholder has chosen option (b) or (c), the inherent risk of fluctuating market values of the following underlying assets during the period over which the maturity benefit is settled as per option (b) or (c) shall be borne by him/her and the applicable Fund Management s will be levied. No other s will be levied during the Settlement Period. For more details on the settlement option, refer to the policy Terms & Conditions Death Benefit In the unfortunate event of death, while the policy is in force and before the maturity date, your nominee will get the following death benefit: i) If the death of the Person Insured occurs before the attainment of age 60: The Death Benefit payable will be higher of The Fund Value (the value of units pertaining to Regular Premium Account), or, Sum Assured less all Partial Withdrawal made in accordance with the Partial Withdrawal provisions in the last 24 months preceding the date of death of the Person Insured. 105% of the Total Regular Premiums paid less all Partial Withdrawal, made in accordance with the Partial Withdrawal provisions in the last 24 months preceding the date of death of the Person Insured. ii) If the death of the Person Insured occurs on or after the attainment of age 60: The death benefit payable will be higher of The Fund Value (the value of units pertaining to Regular Premium Account), or,

3 Sum Assured less all Partial Withdrawal made in accordance with the Partial Withdrawal provisions, during the last 24 months immediately preceding the date of death or all Partial Withdrawal made in accordance with the Partial Withdrawal provisions post attainment of age 60, whichever is higher 105% of the Total Regular Premiums paid less all Partial Withdrawal, made in accordance with the Partial Withdrawal provisions in the last 24 months preceding the date of death of the Person Insured or all Partial Withdrawal provisions post attainment of age 60, whichever is higher. If death happens during the grace period, or in the subsequent notice period, before discontinuance of the policy, in case of non-payment of premiums under the base policy, the overdue charges, if any, comprising of Mortality s will be deducted from the death benefit. YOUR FLEXIBLE BENEFITS Flexibility of Premium Redirection: You may choose to manage your investment with the option of Premium Redirection. You have an option to change the allocation of future Premiums with Premium Redirection. However, the proportion for any chosen Fund should be at least 20%. You would have the option to change the Premium Allocation proportions once every policy year free of charge. Subsequent changes in a Policy Year would be considered as an alteration and would be subject to Miscellaneous s. Premium Redirection facility is not available in case you opt for automatic rebalancing option. Flexibility of switching between Unit-Linked Funds: You have the benefit to switch partially or fully between the available Unit-Linked Funds at any point of time during the Coverage Term. You will have the benefit of four free switches per Policy Year, post which every subsequent switch in the same Policy Year will attract the switching charge as mentioned below. The minimum value of every switch should be `5,000. However, switches made through internet are free irrespective of number of switches made. Liquidity with Partial Withdrawal: You have the option of Partial Withdrawal from Fund Value to meet your liquidity needs in case of any emergency after completion of 5 policy years. The minimum amount of Partial Withdrawal should be `5,000. The remaining Fund Value after any withdrawal should be at least equal to the sum of 120% of the Annualised Base Premium plus applicable Premium Discontinuance s. You may make one Partial Withdrawal in a policy year free of charge. Tax Benefits Tax benefits under this plan are available as per the provisions and conditions of the Income Tax Act, 1961 and are subject to any changes made in the tax laws in future. Please consult your tax advisor for advice on the availability of tax benefits for the Premiums paid and proceeds received under the policy for more details. WIDE CHOICE OF INVESTMENTS MetLife Easy Super offers you a choice of following portfolio strategies to allocate your funds. Auto Rebalancing Option Under this option, you will be allowed to choose the desired mix for the total of your Regular Premium Fund Value, as per your risk appetite. If chosen, only two of the Funds will be made available under this option viz., Flexi Cap & Protector II Funds. You will also be allowed to choose a desired Trigger Level, of 10%, 15%, 20% or 25%, for the Auto Rebalancing Option to take effect. This choice has to be made at inception of this option. The Trigger Level is a percentage as chosen by you on the breaching of which an auto rebalancing activity is carried out to restore your fund mix to a level as chosen by you at the start of Auto Rebalancing Option. The trigger level is measured on the Fund at each policy level. Due to subsequent alteration of the desired mix of the total Fund from what had been chosen at inception, as a result of market movements in either direction, the trigger level defined on the total fund by you may be breached. In such a case, an automatic rebalancing activity on the total fund will be carried out to set the proportion of monies in the Flexi Cap Fund & Protector II Fund to the desired mix as chosen by you at the inception of this option. This automatic switch will not be included in the total number of switches that may have been taken in the Self Managed Option. For Example: You choose the allocation between Flexi Cap and Protector II Fund depending on your risk appetite. For e.g. in case your risk appetite is lower you may choose a ratio of 70% : 30% between Protector II Fund & Flexi Cap Fund respectively or in case of higher risk appetite you may choose a ratio of 80%:20% between Flexi Cap Fund and Protector II Fund respectively. You are also required to choose the trigger level as mentioned above In case the chosen allocation between Flexi Cap and Protector II Fund is 80%:20% respectively and chosen trigger level is 10%, then for any 10% increase or decrease in Total Fund Value, a rebalancing between Flexi Cap and Protector II Fund will be initiated to the extent of restoring the ratio between Flexi Cap Fund and Protector II Fund as chosen by you at inception (i.e. 80% in Flexi Cap Fund and 20% in Protector II Fund). You can choose to opt in or out of this strategy once in a Policy Year free of charge. Any subsequent change of the strategy in a given Policy Year will be charged `250 charge per strategy switch. In case of any new transaction such as Payment of Renewal Premiums, your premiums will be allocated in the same proportions as prevailing at that time. In case of Partial Withdrawals, the Fund withdrawals will happen in the same proportions prevailing at that time. No Switching or Premium Redirection is allowed while Auto Rebalancing Option is active. However, in case you opt out of the strategy, you may opt for Premium Switching and Premium Redirection.

4 You can choose to stop this option anytime and can reallocate the remaining units in any fashion amongst the other fund available under the Self Managed Option. However, if you have chosen to discontinue this option, you can restart it only once in a Policy Year free of cost. In case of any subsequent opt-in into this strategy a fee of `250 will be charged. Self Managed Option In case you feel that you can actively manage your portfolio, and then this option is best suited for you under this investment strategy, you may manage your investments by choosing among the six Unit Linked Fund options available under this plan. You have an option of switching among various funds & may choose Premium Redirection for your future Premiums depending on your changing risk appetite and market conditions. a) Systematic Transfer Option: Under Self Managed Option you may choose Systematic Transfer Option, which allows you to make the most of market volatility by taking the advantage of rises and falls in the market with the benefit of rupee cost averaging. How does Systematic Transfer Option work for you? You may choose Systematic Transfer option either at Policy Inception or during the term of the Policy In case this option is chosen at policy inception, the premium allocation percentage in Protector II Fund should be at least 50% of the Annualized Premiums paid. In case the option is chosen during the term of the Policy, 50% of Fund Value should be in Protector II. Your Fund will be automatically transferred from Protector II Fund to Flexi Cap Fund at the end of every month in the following manner Month1 1/12 of the units available at the end of Month1 Month2 1/11 of the units available at the end of Month2 Month5 1/8 of the units available at the end of Month Month11 1/2 of the units available at the end of Month11 Month12 Balance Units available at the end of the Month12 Other conditions on Systematic Transfer Option Systematic transfer plan if chosen during the term of the Policy will be activated only by the next policy anniversary. The request for opting in and out of systematic transfer plan has to be given at least 30 days before the next monthly policy anniversary. This facility will be deactivated in case the policy moves to discontinuance fund status. This will not be available with Auto rebalancing option. b) Choice of 6 Unit Linked Funds MetLife Easy Super offers you the choice of 6 Unit Linked Funds for investment based on your propensity to take risk. You may choose to invest your Premiums in these Unit-Linked Funds in any proportion aggregating to a total of one hundred percent subject to a minimum allocation in any chosen fund not being less than 20%. Following are the six Unit-Linked Funds offered with MetLife Easy Super plan. Fund Name Investment Objectives Asset Category Protector II ULIF00915/12/09PROTECTOR2117 Preserver II ULIF00815/12/09PRESERVER2117 Balancer II ULIF01015/12/09BALANCER2F117 Flexi Cap ULIF01315/12/09FLEXICAPFN117 Virtue II^ ULIF01215/12/09VIRTUE2FND117 Multiplier II ULIF01115/12/09MULTIPLIE2117 POLICY CHARGES To earn regular income by investing in high quality fixed income securities To generate income at a level consistent with preservation of capital, through investments in securities issued or guaranteed by Central and State Governments. To generate capital appreciation and current income, through a judicious mix of investments in equities and fixed income securities. To generate long-term capital appreciation from an actively managed portfolio of diversified stocks across the market capitalization spectrum. To generate long term capital appreciation by investing in diversified equities of companies promoting healthy life style and enhancing quality of life. To generate long term capital appreciation by investing in diversified equities selected from S&P CNX Nifty Index** Government and other debt securities Government & Govt. Guaranteed Securities Government and other debt securities Asset Allocation Range (%) Profile ^The investments will not be made in the equities of companies that deal with tobacco, alcohol etc. ^^Investment in money market instruments protects the Net Asset Value (NAV) from volatile market conditions. ** S&P and Standard and Poor s are trademarks of Standard and Poor s Financial Services LLC ( S&P ), and have been licensed for use by India Index Services & Products Limited in connection with the S&P CNX Nifty Index. The MetLife Easy Super insurance product is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited ("IISL") or Standard & Poor's ("S&P"), a Delaware limited liability company. Neither IISL nor S&P makes any representation or warranty, express or implied, to the owners of the MetLife Easy Super insurance product or any member of the public regarding the advisability of investing in securities generally or in the MetLife Easy Super insurance product. The MetLife Easy Super insurance product is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (IISL). IISL does not make and expressly disclaims any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) regarding the advisability of investing in the MetLife Easy Super insurance product linked to S&P CNX Nifty Index or particularly in the ability of the S&P CNX Nifty Index to track general stock market performance in India Low Very Low Medium Very High Very High Very High

5 s Premium Allocation charges Policy Admin. Mortality Fund Management Premium Discontinuance Switching s Partial Withdrawal Miscellaneous Service Tax Explanation Year 1: 9.15%, Year 2 to 5: 6.90%, Year 6 onwards : 5% The allocation charge will be as a percentage of the premium There is no Policy Administration It is charged by cancelling units from the investment funds proportion to your subscription at that time and depends on the gender and attained age of the Person Insured and Sum At. Preserver II & Protector II : 1.00% p.a., Balancer II : 1.15% p.a., Virtue II, Multiplier II & Flexi Cap: 1.25% p.a.; Discontinued Fund :0.50% p.a. The premium discontinuance charges are as shown below Policy discontinued during the policy year Discontinuance s AP <= AP > Minimum of (20%*AP,20%* FV,3000)) Minimum of (6%*AP,6%*FV,6000)) 2 Minimum of (15%*AP,15%* FV,2000)) Minimum of (4%*AP,4%* FV,5000)) 3 Minimum of (10%*AP,10%* FV,1500)) Minimum of (3%*AP,3%* FV,4000)) 4 Minimum of (5%*AP,5%* FV,1000)) Minimum of (2%*AP,2%* FV,2000)) 5 and above Nil Nil The Discontinuance would be deducted from the Fund Value once you choose the option to withdraw the Policy and the Fund Value from the Discontinued Fund will be paid to you only i) On completion of 5 policy years ii) Immediately to the nominee in case of unfortunate demise of the person insured. In case the Premium Discontinuance happens after completion of 5 Policy Years from Date of Policy inception, the Fund Value less applicable discontinuance charges will be paid to you immediately. Four switches in a policy year will be allowed free of charge thereafter a charge of `250 per additional switch will be levied. The switching charges will be deducted by cancellation of appropriate number of units using the relevant Net Asset value of these units. There will be no charges for switch requests done online. One partial withdrawal in a policy year will be free of any charge. For each subsequent partial withdrawal in a policy year, a charge of `250 would be levied. The Partial Withdrawal will be deducted by cancellation of units of appropriate number of units using the relevant Net Asset value of these units. The Company has the option to charge `250 for alterations like Premium Redirection, increase or decrease in Base Sum Assured, Reinstatement of the Policy and opting for more than one investment strategy change in a Policy Year and additional servicing requests as listed in the terms and conditions below. The Miscellaneous will be deducted by cancellation of appropriate number of units using the relevant Net Asset Value of these units. This charge as notified by the Government from time to time will be made by cancellation of appropriate number of units at the relevant Net Asset Value. Service tax would be applied only all applicable charges. Service Tax on Fund Management is applied at the time of declaration of daily NAV on an FMC of 1.35%p.a., as specified by the Government currently or the actual FMC if it is higher than 1.35% p.a. In the event that in any given year, the number of units in the Unit Account is insufficient to enable the Company to recover the tax amount, the Company reserves its right to recover such outstanding tax amount from the Unit Account in the following years. MetLife reserves the right to recover any taxes imposed by any governmental authorities from the Policyholder s fund value. Note: The Company reserves the right to increase / decrease the switching, partial withdrawal, premium re-direction, reinstatement fee and Miscellaneous charges subject to a maximum charge of `2,000 with prior approval from the IRDA of India. TERMS AND CONDITIONS Grace Period You have a grace period of 30 days from the due date of unpaid Premium to pay all your due Premiums. In case you do not pay your Premiums in the grace period your policy attains the status of Discontinued Policy Premium Discontinuance: Your Policy will become a discontinued Policy: 1) In case the due Premiums is/are not received even after the grace period and 30 days have elapsed after the receipt of revival notice by you 2) You have provided written intimation to us, seeking to Discontinue the Policy/Premium payment under the Policy The date of discontinuance will accordingly be the date of expiry of the notice period under case 1, above or date of receipt of intimation by us under case 2, above, whichever is earlier. If the policy is discontinued within the lock-in period of 5 years from the date of commencement of the Policy: The Total Fund Value under the said Policy, after deduction of Discontinuance s (as specified in the section Policy s ), will be credited to a separate fund called the Discontinued Policy Fund. No other charges except Fund Management charge of 0.50% p.a. and one time discontinuance charges as stated above will be levied under the discontinued policy. The proceeds of the discontinued policies will be at least equal to the Fund Value (net of discontinuance charges) transferred to the Discontinuance Fund under the policy, accumulated at the minimum interest rate of State Bank Of India Savings Account. The proceeds of the discontinued policy will be refunded only after completion of 5 years from the date of commencement of the policy (lock-in period) in case of Premium Discontinuance or surrender request during the lock-in period. Policyholder will have an option to revive the policy within a period of 2 years from the date of discontinuance but before the expiry of lock-in period of 5 years. The discontinuance charges which were deducted when the policy moved to discontinuance fund will be credited back to the policyholder s account in the same allocation proportion as chosen by the policyholder at policy inception at the NAV as on the date of revival. In case of Premium Discontinuance after the lock-in period of 5 years, the proceeds of the discontinued policy will be payable to you immediately upon such Discontinuance. Please read the charges section for details on the discontinuance charge The asset allocation and investment objective of Discontinued Policy Fund is as mentioned below

6 Fund Name Discontinued Policy Fund ULIF01721/12/10DISCONTI NU117 Investment Objectives To generate income at a level consistent with the preservation of capital, along with a minimum interest equivalent to interest rate on SBI Savings Account Asset Category Cash & Money market instruments (incl. bank deposits, T-bills, CBLO, Liquid Mutual funds etc.) Government & Govt. Guaranteed securities Asset Allocation Range (%) 0-100% 0-25% Profile Non-negative Claw Back Additions The maximum reduction in yield (being the difference between the Gross and Net Yield) beginning the 5th policy anniversary will be maintained at such percentages as may be required under law or by the Authority. To ensure maintenance of the maximum reduction in yield percentages as set out above, the Company may, in the event required, following the 5th policy anniversary, add a non-negative claw-back addition equivalent to 1% of the last 24 months average Fund Value to the policy account at the end of year. Free Look Period You have a period of 15 days from the date of receipt of the Policy document to review the terms and conditions of this Policy. If you have any objections to any of the terms and conditions, you have the option to return the Policy stating the reasons for the objections you shall be refunded an amount equal to non-allocated Premiums plus charges levied through cancellation of units plus fund value at the date of cancellation subject to deduction of expenses towards medical examination, stamp duty and proportionate risk premium. Suicide Clause In the event the Person Insured commits suicide, whether sane or insane at that time, within one year from the date of commencement of policy or date of issuance of policy or the date of the last reinstatement, whichever is later, we shall not be liable to pay the Sum Assured, except refunding the Fund Value. Auto Foreclosure Contract will terminate on the maturity date, death of the insured and also in case the Fund Value reaches 100% of the Annualised Regular Premium plus applicable discontinuance charges after first five policy years. Additional Servicing Requests Change in Name or Date of Birth or Address or Contact details of Person Insured / Policyholder Issue of Duplicate Policy Document on request from the client Change / updation of name or other particulars of Nominee / Appointee / Assignee Low Cheque bounce / cancellation of cheque / cancellation or fresh request for ECS Re-despatch of Policy Document or other particulars due to incorrect or outdated address details provided by client Request for adhoc or additional unit statement by client Change in Bank details / Fund transfer requests for settlement of claims Change in amount or frequency or option during settlement period s Inherent in the Unit Linked Funds: Due to the nature of the Unit Linked Funds, the Company does not guarantee the price of the Units of any of the Unit Linked Funds offered by it. Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The Insured (and the Policyholder, if different) is aware that the investment in units is subject, interalia (amongst others), to the following risks: The investments in the Units are subject to market and other risks and there can be no guarantee that the objectives of any of the Unit Linked Funds will be achieved. The Unit Linked Funds do not offer a guaranteed or assured return. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets. The Fund Value of each of the Unit Linked Fund can go up or down depending on the factors & forces affecting the financial markets from time to time including changes in the general level of interest rates and the insured is responsible for his/her decisions. The past performance of the Unit Linked Fund(s) of the Company is not necessarily indicative of the future performance of any of these Unit Linked Funds. The name of the Product does not in any way indicate the quality of the product, its future prospects or returns. The names of the Unit Linked Funds and their objectives do not in any manner indicate the quality of the fund, their future prospects or returns. All benefits payable under the policy are subject to the tax laws and other legislations/regulations as they exist from time to time. Please know the associated risks from the Financial advisor or the intermediary. Please refer the policy document for further details and risk factors. This product brochure is only indicative of terms, conditions, warranties and exceptions contained in the insurance policy.

7 ABOUT PNB METLIFE PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India. PNB MetLife has as its shareholders MetLife International Holdings LLC (MIHL), Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited (JKB), M. Pallonji and Company Private Limited and other private investors, MIHL and PNB being the majority shareholders. PNB MetLife has been present in India since PNB MetLife brings together the financial strength of a leading global life insurance provider, MetLife, Inc., and the credibility and reliability of PNB, one of India's oldest and leading nationalised banks. The vast distribution reach of PNB together with the global insurance expertise and product range of MetLife makes PNB MetLife a strong and trusted insurance provider. PNB MetLife is present in over 111 locations across the country and serves over 100 million customers in more than 8,700 locations through its strong bank partnerships with PNB, JKB and KBL. PNB MetLife provides a wide range of protection and retirement products through its Agency sales of over 6,000 financial advisors and multiple bank partners, and provides access to Employee Benefit plans for over 800+ corporate clients in India. The company continues to be consistently profitable and has declared profits for last five Financial Years. For more information, visit DISCLAIMER Extract of Section 41 of the Insurance Act, 1938, as amended from time to time states (1) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer (2) Any Person making default in complying with the provisions of this section shall be punishable with fine which may extend to ten lakh rupees. Fraud and misrepresentation Treatment will be as per Section 45 of the Insurance Act, 1938 as amended from time to time